Air Lease (AL) to Release Quarterly Earnings on Thursday

Air Lease (NYSE:AL) is set to issue its quarterly earnings data after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.87 per share for the quarter.

Air Lease (NYSE:AL) opened at $45.92 on Thursday. Air Lease has a one year low of $34.42 and a one year high of $50.70. The stock has a market capitalization of $4,740.00, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.70 and a beta of 1.70. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06.

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AL has been the topic of several research analyst reports. Bank of America set a $47.00 price objective on Air Lease and gave the stock a “hold” rating in a research note on Thursday, October 19th. Royal Bank of Canada restated a “buy” rating and set a $80.00 price objective on shares of Air Lease in a research note on Thursday, November 2nd. Zacks Investment Research cut Air Lease from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Cowen raised their price objective on Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, UBS Group raised their price objective on Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.40.

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $43.88, for a total value of $438,800.00. Following the sale, the executive vice president now directly owns 163,824 shares of the company’s stock, valued at $7,188,597.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jie Chen sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $43.30, for a total value of $86,600.00. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $3,661,430 over the last ninety days. 9.76% of the stock is owned by corporate insiders.

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Air Lease Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.